Volume Profile - Custom Range aims to display trading activity at specific price levels over user defined Custom Range of trading. Start and End Time is Interactive, they can be adjusted simply by clicking on the chart and drag the lines to specify the desired custom range. Same as is with the drawing tools available in TV Please note, while switching between timeframes or switching to different instruments with different exchange timezones you may need to adjust the locations in case the plotting is not displied
Volume Profile - Custom Range is plotted as two horizontal histograms on the finacial isntrumnet's chart that highlights the trader's common interest at specific price levels as well as aims to reveal dominant party of who is in control, bulls or bears
Special thanks to everyone who commented and presented their valuable suggestions
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Notas de Lançamento
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Volume data is not provided or not available for some instruments such as Indices, as it is the case for NIFTY 50 - Indian stock market index
In case of any custom index volume indicator presence, than their output can be integrated to other volume related indicators as in this example.
How to use a custom indicator as a volume source with the Volume Profile
* First it is required to have the custom indicator enabled * Then, enable "Use External Volume Indicator" option of the Volume Profile and select as a Source the custom indicator.
Disclaimer: Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of choosing the external source and evaluating the script output and risks associated with the use of the script
Awesome. Just loved it. It is one of my favorite indicator now. What would be ideal time frame we can choose for a Swing Trade? 90 days?
Nacho_R
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@dgtrd hey there! Saw a preview of your indicator and came here to test it, but when I try to do that, it pops a message that says "Set the "Start calculation" time for [Name of the indicator]". Do you know what is causing this issue? Thanks in advance!
dgtrd
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hi @Nacho_R, it is interactive, hence you should select (by simply clicking) two points on the chart to define your range where you would like to view the volmue profile. in case you would like to view different range just drag the lines, that apear on the chart when you click on top of the indicator plotting area, to places where you would like to reposition the range
Hi! I was using a lot your indicator, it is great! Recently I have decided to try paid TW version and just by curiosity, I wanted to compare it with their Fixed range Volume profile tool. I am very surprised that the result is so much different, I was comparing it on EURUSD pair, from 21.3.2024 02:00 till 3.4.2024 23:00 (UTC+2 time). Can you please leave comment on it, why is it so different? I would like to leave screenshot here so it is easily visible for you, but seems that I can't do it.
dgtrd
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Hello @tomik_o, thank you very much for your feedback. In response to your query, I'd like to clarify that TV's version of the profile is a JavaScript implementation, as well as TV can retrieve more data, making their version more precise. However, any differences between their version and mine should be negligible unless there is a specific exceptional case. With the evolution of Pine Script features, we are now able to develop more advanced versions. For instance, with the latest Pine Script enhancements, we can gather data from lower timeframes, resulting in a more accurate script. I encourage you to test the volume-profile script that utilizes lower timeframe data and compared to its early versions should be even closer to the TV's version. Thanks
tomik_o
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@dgtrd, thank you for quick reply. I can confirm in most of the cases it gives basically same results, this one I have mentioned was just found by very big luck apparently :) Anyway, thank you for explanation, I am big fan of most of your indicators as they work really great!
dgtrd
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@tomik_o, thank you for your kind words and valuable feedback. Your insights are greatly appreciated and contribute to the improvement of our studies.
arg_globa
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Hello sir, Please add a features to view values like number of trades executed per rows as native FIXED RANGE VOLUME PROFILE available at drawing tool bar. I would like to elaborate on this concern, how can I contact you sir.